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2025-01-27 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >
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Shulou(Shulou.com)11/24 Report--
CTOnews.com, March 1 (Xinhua) South Korea's LG New Energy said on Wednesday that its joint venture with Honda, LH Battery, has begun to build an electric vehicle battery plant in Ohio, USA, which is expected to be completed by the end of 2024 and put into production by the end of 2025. The deal marks a new partnership between Honda and LG.
Tuyuan Pexels Honda and LG New Energy set up LH Battery in August last year and plan to build a new electric car battery factory in the United States to supply batteries for Honda's Acura models assembled in the United States. According to the plan, the annual battery production capacity of the plant will reach 40 gigawatt hours. The initial investment of the two companies was $3.5 billion, followed by an increase of $4.4 billion.
"to achieve our goal, we must start building this battery plant and start supplying batteries for our electric vehicles here in Ohio for mass production from 2025," said Honda President and fuel cell electric vehicle Toshihiro Mibe. "Honda has the traditional quality of making it where it is needed. Because we want to provide American customers with high-quality cars, we naturally want to build cars and batteries in the United States. "
According to reports, the battery plant will create 2200 jobs, expected to come from parts of Dayton, Cincinnati, Columbus and Appalachia, as well as Fayette County.
In addition to the battery plant, Honda will spend $700 million to restructure three plants in Ohio-Marisville Motor Plant, East Freedom Automobile Plant and Anna engine Plant-to produce electric cars and supply them with parts.
According to their goal: all its sales will come from electric vehicles and fuel cell vehicles by 2040, and all products and corporate activities will be carbon neutral by 2050. (CTOnews.com Note: Dongfeng Honda e:NS1, Honda's first pure electric car in China, went on sale last year)
"this is the first chapter in our shared history," said Robert Lee, chief executive of LH Battery, who worked with Rick Riggle, chief operating officer, to unveil the factory's rendering. "our joint venture is special."
Related readings:
"LG New Energy and Honda officially set up a joint venture battery production enterprise"
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